ince​ 1950, the volume of world trade and the volume of world real GDP   A. have both​ increased, but the volume of world trade has increased more slowly than the volume of worl real GDP.   B. have both increased at roughly the same rate.   C. have both decreased at roughly the same rate.   D. have both​ increased, but the volume of world trade has increased faster than the volume of world real GDP.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: Application: International Trade
Section: Chapter Questions
Problem 1CQQ
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ince​ 1950, the volume of world trade and the volume of world real GDP
 
A.
have both​ increased, but the volume of world trade has increased more slowly than the volume of worl real GDP.
 
B.
have both increased at roughly the same rate.
 
C.
have both decreased at roughly the same rate.
 
D.
have both​ increased, but the volume of world trade has increased faster than the volume of world real GDP.
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